Reported 9 months ago
Global shares advanced as traders look forward to a key report on inflation that could impact the Federal Reserve's decision on interest rates. Stocks on Wall Street drifted on after a report indicated that inflation continues to ease, with the S&P 500 remaining at an all-time high and the Nasdaq hovering around its peak. The Federal Reserve may consider cutting interest rates in response to cooling inflation, with the Fed's preferred inflation gauge showing an encouraging decrease from previous months.
Source: YAHOO